Nordea Investment Management AB lessened its stake in shares of Woodward, Inc.Common Stock (NASDAQ:WWD) by 4.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 129,176 shares of the technology company’s stock after selling 6,356 shares during the quarter. Nordea Investment Management AB owned approximately 0.21% of Woodward, Inc.Common Stock worth $9,596,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in WWD. CAPROCK Group Inc. lifted its stake in Woodward, Inc.Common Stock by 6.3% in the fourth quarter. CAPROCK Group Inc. now owns 3,177 shares of the technology company’s stock worth $236,000 after acquiring an additional 188 shares during the period. Whittier Trust Co. lifted its stake in Woodward, Inc.Common Stock by 4.4% in the fourth quarter. Whittier Trust Co. now owns 4,696 shares of the technology company’s stock worth $349,000 after acquiring an additional 196 shares during the period. First Allied Advisory Services Inc. lifted its stake in Woodward, Inc.Common Stock by 6.8% in the fourth quarter. First Allied Advisory Services Inc. now owns 3,841 shares of the technology company’s stock worth $282,000 after acquiring an additional 245 shares during the period. Mastrapasqua Asset Management Inc. lifted its stake in Woodward, Inc.Common Stock by 1.5% in the fourth quarter. Mastrapasqua Asset Management Inc. now owns 17,385 shares of the technology company’s stock worth $1,292,000 after acquiring an additional 250 shares during the period. Finally, Retirement Systems of Alabama lifted its stake in Woodward, Inc.Common Stock by 0.5% in the fourth quarter. Retirement Systems of Alabama now owns 72,093 shares of the technology company’s stock worth $5,356,000 after acquiring an additional 340 shares during the period. 75.08% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO Thomas A. Gendron sold 1,000 shares of the firm’s stock in a transaction on Tuesday, January 29th. The stock was sold at an average price of $85.00, for a total transaction of $85,000.00. Following the completion of the transaction, the chief executive officer now directly owns 227,390 shares in the company, valued at $19,328,150. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronald M. Sega sold 4,200 shares of the firm’s stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $91.03, for a total value of $382,326.00. Following the transaction, the director now owns 16,475 shares of the company’s stock, valued at $1,499,719.25. The disclosure for this sale can be found here. Insiders have sold 278,310 shares of company stock valued at $25,887,325 over the last 90 days. Corporate insiders own 4.61% of the company’s stock.
Woodward, Inc.Common Stock (NASDAQ:WWD) last posted its quarterly earnings data on Monday, January 28th. The technology company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.22. The business had revenue of $652.80 million during the quarter, compared to the consensus estimate of $583.12 million. Woodward, Inc.Common Stock had a return on equity of 18.03% and a net margin of 8.42%. The firm’s quarterly revenue was up 38.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.53 earnings per share. On average, equities analysts predict that Woodward, Inc.Common Stock will post 4.62 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Tuesday, February 19th were issued a dividend of $0.1625 per share. The ex-dividend date was Friday, February 15th. This is an increase from Woodward, Inc.Common Stock’s previous quarterly dividend of $0.14. This represents a $0.65 annualized dividend and a dividend yield of 0.68%. Woodward, Inc.Common Stock’s dividend payout ratio (DPR) is presently 16.88%.
A number of research firms have issued reports on WWD. BidaskClub upgraded Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. Zacks Investment Research upgraded Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a report on Wednesday, March 20th. ValuEngine upgraded Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. Wood & Company reiterated a “sell” rating on shares of Woodward, Inc.Common Stock in a report on Tuesday, February 5th. Finally, Barrington Research increased their price objective on Woodward, Inc.Common Stock to $96.00 and gave the stock an “outperform” rating in a report on Tuesday, January 29th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $96.60.
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About Woodward, Inc.Common Stock
Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company's Aerospace segment offers fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles; and flight deck controls, actuators, servo controls, motors, and sensors for aircraft that are used on commercial and private aircraft and rotorcraft, as well as on military fixed-wing aircraft and rotorcraft, guided weapons, and other defense systems.
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